Wheat is the most bullish commodity at this moment mnit has come out of multimonth consolidation. $5.65 is the level which must hold for upmove to continue towards $7.40 - $8.15 - $9.30. It has closed below 65 DeMa but volume is not that great . $6 is the level below which most of the buyers will exit. It can create such scenario to cut out loose hands.
Today we look at the weekly close for risk levels and short and long term targets
Look from Wheat is bouncing back right from from the polarity reversal zone. can wheat become gold. I will buy & store some wheat.